Finsbury Solutions: COREP reporting – are we going to meet the deadlines?
Banks are racing to comply with the new COREP reporting ready for Q12014.
The question is: Are they going to make it?
For some projects this is just an extension of their existing regulatory reporting and is not a great problem. However the word on the street is that there are quite a few projects that are falling behind.
There are two primary reasons for delays:
- Late starters – projects that only recently got started
- Implementation problems.
We saw similar issues with
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